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29 AUGUST 2016 AL CIRCLE

Vedanta sticks to FY17 production guidance for aluminium despite power shutdown

EDITED BY : DIPANWITA GUPTA 2MINS READ

Despite a massive power failure that struck one of its plants this month, mining giant Vedanta has maintained the production guidance for its aluminium business at 1.2 million tonnes per annum (MTPA) for the current financial year.

"The current run rate of aluminium production is around 1 MTPA and the overall 2016-17 volume guidance remains unchanged at 1.2 MTPA," the company said in a regulatory filing today.

In end of July 2016, the company has completed commissioning of pots at the first line of its 1.25 MTPA Jharsuguda-II aluminium smelter. The commissioning of the second line too commenced in July with 65 pots commissioned initially; the line will be ramped up in the coming 3-6 months, it added in the document.

"The first line was impacted by a pot failure incident due to a power shut down in early August, post which 168 pots were taken out of production. The impacted pots are currently being repaired and relined," Vedanta said regarding the power failure incident.

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The mining giant also updated about its plan to start commissioning of pots at third line of the smelter in September 2016 that is well ahead of its earlier schedule of 2016-17 fourth quarter.

The 325 kilo tonne (KT) Balco-II aluminium smelter was commissioned successfully with 336 pots all operational in August this year and are expected to be capitalised by October 2016, it added.

Tagged with:

Aluminium Vedanta India Energy

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EDITED BY : DIPANWITA GUPTA 2MINS READ

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